Vietnam to Submit 3 Key Draft Laws on Labor, Wages, and Social Insurance to National Assembly

The Ministry of Home Affairs is urgently completing and advising the Government to submit three important draft laws related to labor, wages, and social insurance to the Standing Committee of the National Assembly and the National Assembly during the upcoming second session of the 16th National Assembly in October. This initiative aims to enhance citizen welfare and strengthen the social security system. According to the Ministry of Home Affairs, significant progress has been made in institutionalizing policies on wages, allowances, social insurance, and labor over the first eight months of the year. This includes the submission of one draft law, three decrees, two consolidated documents, six ministerial circulars, one Prime Ministerial directive, among other reports and proposals. Notably, from July 1, 2026, a wage increase of 8% is planned for over 2 million officials, public employees, and armed forces personnel. Additionally, the scope of regional and special allowances will be expanded, benefiting a significant percentage of communes and wards following organizational restructuring. In the corporate sector, wage policies will continue to be refined based on market principles, ensuring the right to negotiate between employees and employers, linked to job position, productivity, and performance. The minimum wage is also set to increase by an average of 7.2% from January 1, 2026. Regarding social insurance, a draft law amending the Social Insurance Law is being prepared to expand coverage and build a multi-layered social insurance system for sustainable social security. Vietnam is also advancing bilateral social insurance agreements with Japan and South Korea, enhancing international cooperation in social protection. In the labor sector, regulations for electronic labor contracts are being finalized to ensure transparency, security, and the protection of rights and interests for all parties. Administrative procedures are being streamlined, shifting from pre-inspection to post-inspection, in line with government directives. These policy and institutional reforms consistently place people at the center, prioritizing the interests of citizens, workers, and beneficiaries, thereby reinforcing public trust in the Party and the State.